Which of the following is NOT a major disclosure requirement for long-term debt?

Long-term debt disclosure requirements are crucial for providing stakeholders with a clear understanding of a company's financial obligations. Key aspects typically disclosed include maturity dates, interest rates, and any assets pledged as security.

Maturity dates inform users of when the debt will be repaid, which is essential for assessing liquidity and future cash flow needs. Interest rates are disclosed to give insight into the cost of borrowing and the impact it may have on future profitability. Additionally, if assets are pledged as security, this indicates the risk to those assets in the event of default, providing critical information about potential collateral claims on those assets.

Profit margins, on the other hand, relate to a company's income statement and operational performance rather than the specifics of long-term debt. While profit margins are important for assessing overall financial health and profitability, they do not directly pertain to the obligations and risks associated with long-term debt. Thus, it is not considered a major disclosure requirement in this context. This distinction underscores the focus on debt-specific information essential for evaluating a company's financial leverage and risk profile.